| A | B |
|---|
| An example of a durable good - | used car |
| Accurate statement about the Great Depression - | most severe economic downturn in history of capitalism |
| Example of a nondurable good - | paperback book |
| GDP expressed in constant prices - | real GDP |
| Amount of money a person has left after taxes - | disposable income |
| The lowest point of an economic contraction - | trough |
| How has income distribution changed over the last 20 years? | It has become less equal |
| What does 'undermeployed' mean? | A person has a job, but they are overqualified for it |
| According to the "demand-pull theory," what is responsible for inflation? | Demand exceeds existing supply |
| According to "cost-push theory," what is responsible for inflation? | Producers raise prices to meet increased costs |
